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Cryptocurrency Bot Group Maestrobots Refunds Users Over $1 Million After Hack

  1. Home
  2. Bobs-News Categories Company News
  3. Cryptocurrency Bot Group Maestrobots Refunds Users Over $1 Million After Hack
global 703 crypto positive
  • bob
  • 2023-10-25
  • Company News
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • World
Maestrobots, a group of cryptocurrency bots on the Telegram messenger, has refunded users who were affected by an attack that resulted in the loss of 280 Ether (ETH), equivalent to $1,781. The Maestro team announced on X (formerly Twitter) that they have covered all user losses by paying a total of 610 ETH from their own revenue, which was worth over $1 million at the time. The refunds were provided in both affected tokens and ETH, with the team choosing to buy and refund tokens for most of the exploited tokens. However, for two tokens with limited liquidity, users were refunded in ETH. The refunds were boosted by 20% to compensate for the inconvenience. The attack was detected within 30 minutes and the exploit was fully removed. Maestro resumed trading and temporarily halted tokens on various platforms. The breach affected 106 user addresses and involved several tokens. Maestrobots is a Telegram bot system that facilitates trades across different networks and has a large subscriber base.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment positive
Relevance Score 1
People None
Companies APU, OGGY, LP, LMI, Real Smurf Cat, ShibaSwap, Maestrobots, JOE, Maestro, MOG, BANANA, Telegram, ETH PancakeSwap, JIM, SushiSwap, CertiK, X, ETF, PROPHET
Currencies Ethereum, Mog Coin, Banana Gun, Lumishare, JOE
Securities None

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